Expensive petrol in India and the connection between the two Gulf countries
The two largest oil producing countries in the world are the United Arab Emirates and Saudi Arabia. A meeting was going to take place between these two a few days ago, which got stuck due to mutual estrangement. In this meeting, the issue of quota for oil production was to be discussed. This has had an impact on all the major oil markets, which are stuck in the balance due to the stoppage of talks and due to this, the world oil prices are once again at a record level after 2014. The Organization of the Petroleum Exporting Countries ‘OPEC Plus’, which also includes countries like Russia, has had to postpone its talks indefinitely. But why did Saudi and UAE, who are considered close to each other, have a rift?
Story: Sameer Hashmi
Video: Gurpreet Saini and Manish Jalui
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